Paytm Seeks Shareholder Approval For $1.6 Billion Sale Of New Stock: Report

Digital payments firm Paytm is seeking shareholder approval to sell up to ₹ 12,000 crore in new stock in what could be the South Asian country’s biggest-ever initial public offering at a total of $3 billion. Paytm, which counts China’s Alibaba and Japan’s SoftBank as backers, will…